Carmakers
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Gov't Weighs New Approach to Privatize 2 Big Carmakers
EghtesadOnline: Economists, industrialists and market observers insist that the incessant problems of the failing auto companies is more about mismanagement and less about ownership per se.
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Carmakers, Armed Forces Expand Tech Ties to Overcome Sanctions
EghtesadOnline: Iran’s armed forces are expected to play an increasing role in auto industry by helping curb the impact of US sanctions on the key sector.
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Kalantari Says DoE Lacks Clout to Take On Polluting Carmakers
EghtesadOnline: The pattern of procrastination by automakers and the influence of their strong lobbies notwithstanding, the Department of Environment insists on its stance that car companies…
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Iran: Presales Sidestepping Vehicle Standard Regulations, Deadline
EghtesadOnline: Despite the Iranian government’s promise to halt the production of substandard cars in a few months, recent moves indicate local carmakers are moving in the opposite direction.
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Carmakers’ Losses Exceed $830 Million in Six Months
EghtesadOnline: Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half of the current fiscal year (started March 21), secretary of Iran…
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Central Bank of Iran Boss Lashes Out at Loss-Making Carmakers
EghtesadOnline: Despite the deep compulsions to work for verifiable efficiency in key economic sectors at a time when the economy is saddled with mounting pressure due to US hostility and sanctions,…
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Iranian Carmakers Mull JVs With Russian Counterparts
EghtesadOnline: As traditional foreign partners of Iranian car companies suspend their operations or leave, the local automotive firms are looking north and seeking partnerships with Russian…
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IKCO-SAIPA Debts Reach $8.8 Billion
EghtesadOnline: By October 2018, the accumulated debts of Iranian carmakers, Iran Khodro (IKCO) and SAIPA, had reached 1 quadrillion rials ($8.8 billion), the industries minister said in a recent…
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Carmakers Taken to Task for Iran Exit
EghtesadOnline: Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions.
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Industries Ministry Warn Carmakers Against Hoarding
EghtesadOnline: As accusations against Iranian carmakers pile over the alleged hoarding of vehicles, the Industries Ministry has cautioned major auto firms to avoid shady practices and fall in…
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Iranian Carmakers’ Woes Deepen
EghtesadOnline: Major Iranian car companies are grappling with two main problems: lack of auto parts that have caused a sharp decline in production and a failure to clear the piling backlog of…
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$844m Needed for Rescuing Iran’s Cash-Burning Carmakers
EghtesadOnline: An aid package worth $844 million is needed for saving Iran’s two chronically struggling carmakers.
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Iran Central Bank, Carmakers Clash Over €844 Million Loan
EghtesadOnline: To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.
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Carmakers Special Sales Trigger Car Buying Frenzy in Iran
EghtesadOnline: As car prices keep rising as never before, the two main Iranian auto companies, Iran Khodro and SAIPA, launched what they call are ‘special sales’, selling their cars like hotcakes.
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Iran Gov't Extends $333m Loan for 2 Major Carmakers
EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’…
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Iranian Carmakers Stand Accused of Hoarding, Insider Trading
EghtesadOnline: Following the strange and extended delays in delivery of thousands of vehicles presold by domestic carmakers, would-be buyers and sections of the print media are openly accusing…
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Iran Carmakers Expanding Operations in Syria, Azerbaijan
EghtesadOnline: Iran Khodro and SAIPA are planning to expand their overseas operations. SAIPA is poised to increase production in Syria and IKCO has started manufacturing its Samand model in…
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New Rules and Slumber of Iranian Carmakers
EghtesadOnline: Hard-pressed auto manufacturing industry already under mounting pressure for its poor quality and high prices should prepare for a new challenge in the coming weeks. The state…
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Iranian Carmakers Saddled With $1.4 Billion Debt
EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials…